Today TaxMama hears from Angela in Georgia with this story. “I do my friend’s taxes. Can he deduct an above-ground pool installation that was recommended by doctor? His wife has MS and needs to do exercises. The doctor felt that exercises done in water will help her. It has not increased the value of home. He wants to know if it is tax deductible?”
Yes, your friend is entitled to take a medical deduction for the pool. Be sure to keep a copy of the written prescription or recommendation from the doctor in the tax file for that tax return.
Naturally, the deduction will be reduced by 7.5% of his adjusted gross income. So it’s time to maximize the medical expenses. Add in all the unreimbursed medical expenses you can find. Look for co-pays, medical mileage, and prescriptions. Don’t forget insurance. You may have enough to make the deduction worthwhile.
And remember, you can find answers to all kinds of questions about medical expenses and other tax issues, free. Where? Where else? At TaxMama.com[Note: If you were subscribed to the e-mailed TaxQuips, you’d be getting other exciting news and tips by e-mail, that never appear on the site. Please click on the subscribe link and join us.]
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- IRS Publication 502 :: Medical and Dental Expenses